Actionable news
0
All posts from Actionable news
Actionable news in GDEN: GOLDEN ENTERTAINMENT Inc COMMON STOCK,

Golden Entertainment Becomes Second Largest Distributed Gaming Operator in Montana Upon Closing Second Acquisition

LAS VEGAS, Apr 25, 2016 (BUSINESS WIRE) -- Golden Entertainment, Inc. GDEN, -0.64% (“Golden” or the “Company”) today announced it has completed its previously announced deal to acquire its second distributed gaming business in Montana. The acquisition included substantially all of the assets of Amusement Services, LLC (“Amusement Services”), including approximately 1,800 gaming devices located in nearly 180 retail locations across the state, including five Native American properties with contracts that comprise approximately 350 gaming devices.

“We have tremendous momentum right now, and are beginning to demonstrate our scale and mobility as we now become the second largest distributed gaming operator in Montana,” said Blake L. Sartini, II, Senior Vice President of Distributed Gaming at Golden. “The acquisition of such an incredibly talented team, combined with our previous acquisition, will immediately establish Golden with a large and growing footprint in Montana, enabling us to provide our market-leading product and service.”

Management expects the acquisition to be immediately accretive to the Company’s earnings per share. Post-acquisition, Golden now operates nearly 3,000 gaming devices in Montana across approximately 300 locations, securing its spot as the second largest distributed gaming operator in the state. Additionally, Golden remains the largest distributed gaming operator in Nevada and will operate more than 12,000 gaming devices in total, making it one of the largest distributed gaming operators in the country.

Tim Carson, Co-Founder and President of Amusement Services, has joined Golden as the Vice President of Montana Operations, helping to ensure an effective management transition and operational continuity. The Company funded the approximately $25 million acquisition through available borrowings under its revolving credit facility.

Forward-Looking Statements

This press release may be deemed to contain forward-looking statements regarding future...


More